Form 4: Dine Brands Global Executive Christine K. Son Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Christine K. Son, SVP, Legal, GC and Secretary of Dine Brands Global, reports the acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On October 8, 2024, Christine K. Son, SVP, Legal, GC and Secretary of Dine Brands Global, acquired 73.819 dividend equivalent rights related to restricted stock units.
- These rights are economically equivalent to shares of common stock and accrue as dividends are paid on the underlying restricted stock units.
- The dividend equivalent rights vest proportionately with and are subject to the same settlement and expiration terms as the related restricted stock units.
- Following the transaction, Ms. Son directly owns 4,384.285 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 10/08/2024 | Date of transaction: Christine K. Son acquired dividend equivalent rights. |
| 10/09/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.